Already a member?

Honeywell’s Q1 Profit Beats View; Forecast Raised (HON)

Diversified technology and manufacturing company Honeywell
International Inc. (
HON
) late Wednesday posted better-than-expected first quarter earnings
and raised its full-year outlook.

The Morristown, NJ-based company reported first quarter net
income of $708 million, or 88 cents per share, compared with $496
million, or 63 cents per share, in the year-ago period.

Revenue jumped 15% from last year to $8.91 billion.

On average, Wall Street analysts expected a smaller profit of 82
cents per share, on matching revenue of $8.91 billion.

Looking ahead, the company boosted its 2011 full-year adjusted
earnings forecast to a range of $3.80 to $3.95 per share, up from a
prior estimate of $3.60 to $3.80. Analysts expect $3.78 per share
for the year.

Honeywell shares rose $1.27, or +2.2%, in premarket trading
Thursday.

The Bottom Line
Shares of Honeywell (
HON
) have a 2.26% dividend yield, based on last night's closing stock
price of $58.74. The stock has technical support in the $55 price
area. The stock is trading near all-time high levels of $60 a
share.

Honeywell International Inc. (
HON
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.

Please note that once you make your selection, it will apply to all future visits to NASDAQ.com.
If, at any time, you are interested in reverting to our default settings, please select Default Setting above.

If you have any questions or encounter any issues in changing your default settings, please email isfeedback@nasdaq.com.

Please confirm your selection:

You have selected to change your default setting for the Quote Search. This will now be your default target page;
unless you change your configuration again, or you delete your
cookies. Are you sure you want to change your settings?